DiamondRock Hospitality Company (DRH) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and DiamondRock Hospitality published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. DiamondRock Hospitality reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted FFO per diluted share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Revenue here is DiamondRock's GAAP total revenues, the sum of rooms, food and beverage and other revenues from its hotels. As a REIT, DiamondRock's own per-share performance measure is Adjusted FFO per diluted share, shown in place of an adjusted EPS.
• DiamondRock sold the Courtyard New York Manhattan/Fifth Avenue on May 1, 2026, so actual results are not directly comparable with Q3 2025. Comparable hotel figures exclude that hotel from both periods.

Source: DiamondRock Hospitality Q3 2026 results, November 3, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How DiamondRock Hospitality splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• DiamondRock Hospitality's Rooms revenue was $196 million in Q3 2026, up 3% from $189 million in Q3 2025, 66% of total revenue.
• DiamondRock Hospitality's Food and beverage revenue was $72.2 million in Q3 2026, up 7% from $67.4 million in Q3 2025, 24% of total revenue.
• DiamondRock Hospitality's Other revenue was $30.0 million in Q3 2026, up 4% from $28.9 million in Q3 2025, 10% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The release's guidance table raises full-year 2026 Adjusted FFO per diluted share to $1.24 to $1.26 (prior $1.18 to $1.23), Adjusted EBITDA to $322.0 to $327.0 million (prior $310.0 to $320.0 million) and Comparable RevPAR growth to 4.75% to 5.25% (prior 2.5% to 4.0%).

In its Q3 2026 release, DiamondRock Hospitality said:

“The Company is raising its 2026 guidance to reflect the stronger-than-expected third quarter results and improved fourth quarter booking pace.”

“The outlook includes the anticipated contribution from The Bellmoor Inn & Spa but assumes no additional acquisitions, dispositions, or share repurchases.”

“The Company currently expects to invest approximately $75.0 to $80.0 million in capital improvements at its hotels in 2026.”

Source: DiamondRock Hospitality Q3 2026 release, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the DRH forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and diluted EPS available to common stockholders, each as first reported in that quarter's release.

We do not hold a confirmed date for DiamondRock Hospitality's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 3, 2026

DiamondRock Hospitality is a lodging REIT that owns 35 hotels and resorts in the United States, and all of its revenue comes from operating them. Of $297.6 million in Q3 2026 total revenues, rooms brought in $195.5 million, food and beverage $72.2 million and other revenue $30.0 million. (DiamondRock Hospitality Q3 2026 release, Nov 3, 2026)

DiamondRock owns its hotels but does not run them. Every hotel is managed by a third party, either an independent operator or a brand operator such as Marriott, and DiamondRock keeps the operating profit after paying management fees and, for branded hotels, franchise fees. In its 10-K it said it runs nearly 40% of the portfolio as independent hotels and the rest under Marriott, Hilton or IHG brands. (DiamondRock Hospitality Form 10-Q, Q3 2026, Nov 3, 2026; DiamondRock Hospitality Form 10-K, 2025, Feb 27, 2026)

Rooms revenues rose $6.4 million from Q3 2025. Excluding a $5.6 million decrease from the May 2026 sale of the Courtyard New York Manhattan/Fifth Avenue, they rose $11.9 million on higher ADR and occupancy. DiamondRock attributed the gain mainly to higher transient revenue from both business and leisure demand and, to a lesser extent, more group revenue, with Chicago Marriott Downtown Magnificent Mile, L'Auberge de Sedona and The Dagny Boston the largest contributors. (DiamondRock Hospitality Form 10-Q, Q3 2026, Nov 3, 2026)

Food and beverage revenues rose $4.8 million, mostly from banquet and catering spending by groups and higher outlet revenue. Other revenues, mainly spa, parking, resort fees and attrition and cancellation fees, rose $1.1 million because of higher resort fees. (DiamondRock Hospitality Form 10-Q, Q3 2026, Nov 3, 2026)

The largest hotel by rooms is the 1,200-room Chicago Marriott Downtown Magnificent Mile, which ran at 68.7% occupancy and $298.24 Total RevPAR in the quarter. On October 1, 2026 DiamondRock bought The Bellmoor Inn & Spa, a 79-room resort in Rehoboth Beach, Delaware, for $31.0 million. (DiamondRock Hospitality Form 10-Q, Q3 2026, Nov 3, 2026; DiamondRock Hospitality Q3 2026 release, Nov 3, 2026)

DiamondRock Hospitality's GAAP diluted EPS was $0.16 in Q3 2026, against $0.10 a year earlier, on net income attributable to common stockholders of $33.3 million. Its Adjusted FFO per diluted share was $0.32, against $0.29. FFO adds back real estate depreciation and amortization ($28.5 million in the quarter) and gains or losses on hotel sales, and Adjusted FFO also excludes non-cash lease expense, share-based compensation and one-off items such as debt extinguishment losses. (DiamondRock Hospitality Q3 2026 release, Nov 3, 2026)

The year-ago quarter carried costs that did not recur. Q3 2025 included a $5.9 million loss on debt extinguishment, a $1.1 million impairment and $2.5 million of distributions to preferred stockholders; there were no preferred distributions in Q3 2026. Income tax expense rose to $4.1 million from $0.5 million. (DiamondRock Hospitality Q3 2026 release, Nov 3, 2026)

Diluted weighted average shares were 207,417,547 in the quarter, against 206,392,934 a year earlier. In the first nine months of 2026 DiamondRock repurchased about 0.2 million shares for $1.9 million and has $299.4 million left under its $300.0 million program. It raised the quarterly common dividend by 22% to $0.11 per share. (DiamondRock Hospitality Q3 2026 release, Nov 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

DiamondRock Hospitality publishes full-year guidance in its release and raised it for the second time in Q3 2026. Full-year 2026 Adjusted FFO per diluted share is now $1.24 to $1.26, up from $1.18 to $1.23, and Adjusted EBITDA $322.0 to $327.0 million, up from $310.0 to $320.0 million. Comparable RevPAR growth is now 4.75% to 5.25%, against 2.5% to 4.0% before. (DiamondRock Hospitality Q3 2026 release, Nov 3, 2026)

The guidance assumes The Bellmoor Inn & Spa adds about $0.2 million to Adjusted EBITDA in Q4 2026, full-year cash interest expense of about $58.5 million to $59.5 million and 207.5 million fully diluted weighted average shares and units, with no further acquisitions, dispositions or buybacks. (DiamondRock Hospitality Q3 2026 release, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover DiamondRock Hospitality, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones DiamondRock Hospitality's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning DRH is on is DRH a buy or a sell?, what analysts expect next is on the DRH forecast, and what the company does is on the DiamondRock Hospitality Company (DRH) stock page.

Every number on this page can be traced to a document DiamondRock Hospitality published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.